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. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy theory. >> this administration sent planes and bombs and support to oust gadhafi so al qaeda and the muslim brotherhood could take over libya. >>> good to have you with us tonight, folks. republicans are walking tall in public but hanging their heads behind closed doors. john boehner struck a defiant tone during a news conference today. he blamed the president and democrats for stalling negotiations on a debt deal. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real s
medicare, but it could be much, much higher. speaking of medicare, this is really interesting. i remember during the election, the republicans talking about we are the protectors of medicare. i can't believe obama wants to cut medicare. you remember all of these statements and ads? >> cut the payments that go to medicare. >> now that you need it, obama has cut $716 billion for medicare. >> medicare for current retirees he's cutting from the program. because of those $716 billion in cuts. >> you're going to see a $716 billion cut to medicare. >> obama is raiding $716 billion from medicare changing the program forever. >> medicare should be the promise it made to our seniors period, end of story. >> barack obama has taken $716 billion from it. it's that simple. >> cenk: that simple! obama's taken $716 from medicare and the republicans are going to protect it, right? after the election, mind you listen to this, entitlement reform means and everybody in washington knows this, the reporting absolutely confirms it. i just want you to be clear on this. it means cutting medicare, medicate and soc
in medicare, not necessarily see changes that republicans -- >> i don't believe that, how about obamacare. >> you might see -- >> come on! >> tiny. are you kidding me? >> i tell you, if it goes the way i fear it might be, better no deal than a bad deal. either way, credit rating anxieties will pouncagencywill a ponderosa buffet. it is not going to be pretty. >> be prepared for a fiscal cliff, a bad deal -- none of those guys on the republican side -- >> i think look back at your bestsellers and have a tinge of guilt that road you to publish publishing fame are wel lusivern pin stripes. >> they are good guys. >> you called them worms. >> they are good guy worms. >> i hate you. >> all right. >> i love you all. neil: i wish we had more time. any cuts are dead on arrival, he'll be here, so is ralph nad nader. lashing back about how u.s. companies are taking money out, wait until you hear him let her rip. >> but first the democrat who demanded a voice and got one, did he get an answer? we'll ask. governor jack markel. you stl think yore colder thane? nah. don tell me. tell tiny! [ ice crackli
's amazing what soup can do. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automaticall
address the problems. if you don't start negotiations talk about medicare, they simply are not serious about the long-term fiscal health of this country. gerri: it absolutely is about those entitlement programs. as you look at this huge conundrum, it seems that we are saying that we are starting at the wrong end of the stick. we are talking about how much money we can come up from wealthy people. instead of talking about what the government is doing that shouldn't be doing. >> that is right. mark is a smart guy and i agree with him. the spending issue, we simply cannot rein in while we are focusing on taxes. you shall howl nonserious the president is. he sent timothy geithner on a fools errand. he said he wants a balanced approach. but the balance is that republicans come up with everything, and he is allowed kharkov on the debt limit. it is hard to understand what the balances of the equation, besides allowing him to retain his approach, which is continuing to spend and rack up massive deficits and continuing higher taxes without any plan that bears that out. remember that his budget
is giving $400 billion in savings from medicare and entitlements. there's also a request for at least $50 billion in infrastructure spending, mortgage relief, and other stimulus measures. none of this is a surprise to the republicans. this is what president obama campaigned on. it's also what republicans have been presented behind closed doors for weeks. "politico" reported on the deal taking shape behind the scenes. it includes most of the same details the white house has in its proposal. according to "politico" house republican leaders recognize president obama holds the high cards and the public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending. >> the treasury secretary's proposal seems pretty specific. it even includes $400 billion in specific cuts. but john boehner sees som
. they might want to raise the cap on payments toward medicare when you're working years. something that would make the medicare prom more secure financially which would appeal to the progressives and people with big city and working class constituencies. >> what about the age for when you qualify for social security? >> well, i wouldn't touch that. that's too high. you don't do that over christmas rush. you know, you do that over a long period of time and you make a very serious concession to people who have really heavy lifting jobs. it's different if you're working in a law firm and they keep you around for a few more years rather than you're driving a semi ray cross the country on route 70 or 80 all night long. you may not want a guy 730 years o -- 70 years old or a woman driving that truck. i really think you have to find something not -- i think the word hardship, not handicap, whether it be a hardship type role that are recognized as such where you get to retire sooner. i think we can deal with that over time but it takes more finesse. >> george will in his column today writes this, wit
with you. that's next [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. are you looking for something nice and easy? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. call now to learn more. unitedhealthcare has the information you need so you'll be better prepared when making medicare decisions. maybe you'd just like help paying for your prescriptions. consider a part d prescription drug plan. it may help reduce the cost of your prescription drugs. remember, open enrollment ends friday, december 7th. call unitedhealthcare to learn about medicare plans that may be right for you. call now. jenna: we have this fox news alert that has something to doith iran and something
on $400 billion in medicare cuts. so there were some specifics in there. but was it a hardball opening? yeah, of course it was. the question is, what's the counteroffer, right? they're trying to not just provoke a no. they want the counteroffer. and the counteroffer is, what is it? there isn't one. >> it looks like right now it will probably come back now as $800 billion in new revenue, probably higher specific cuts. >> you forget one extra demand, of course, which is ban the debt ceiling piece. that's huge, right? that's, like, unilateral disarmament. we're going to offer you to unilaterally disarm. i like that one, too. because they were sensible. let's face it, the markets would welcome that, right? >> i think the market would welcome a more serious discussion. i was disappointed in the offer. i think you're probably right that this was a negotiating ploy, the beginning of a long perhaps 30-day negotiation, but when you have ceos of the largest companies in the country, the biggest in the world, suggesting that one, they might redomicile to a different country, that they're concerne
? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all medicare
that cutsappened. to >> never. >> i will agree. >> the republican -- >> you are going to see ces in medicar n necessarilysee changes tha republicans -- >> don't believe that, how about obamacare. >> you mightee - >> come on! >> tiny. are you kdi me? >> i tell you, if it goes the way i fear it might be, better no deal than a bad deal. either way, credit rating anxiies will pouncagencyll pouna ponderosa buffet. is not going to be pretty. be prepared for a fiscal cliff, a bad deal -- none of those guys on the republican side -- >> i think look bac at your besellers have a tinge of guilt tat road you to publishe publishing fame a wel lusivers n pin stripes. >> ty are good guys. >> you called them worms. >> they are good guy worms. >> i hate you >>ll right. >> i love you all. neil: i wish we had more time. anyuts are dead on arrival, he'll beere, so is ralph nader nader. lashing back about how u.s. coanies are taking money out, wait until you hear him let her rip. >> but first the democrat who demanded a voioice and g one, demanded a voioice and g one, did h before copd... i took my son shing ever
're eligible for medicare, now is a good time to think about yr options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like alltandardized medicare supplement plans, they cover some ofhat medicare dsn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and pr
for their tax dollars. they do want medicare, social security. they want those programs. they just want us to be fiscally responsible and move this country forward. i think it was a big ideological shift, again, and it's our job now to work with each other to get this country past the financial and to work on the issues americans sent us to do. >> you mentioned the fiscal cliff and i want to ask you about it. president obama even in his p - proposal yesterday had entitlement cuts including to medicare. you have in the past been resistant to cutting entit entitlements. does the result of the election -- i've heard many people on the democratic side say, look, we won. we don't need to make concess n concessions to republicans on entitlements. we can raise the top rates without making these concessions. do you think the president is even in this first proposal giving away too much on the entitlement side? >> i think it's important to note that there's a difference between working to cut medicare and protecting the benefits. and itch said repeatedly that i will not vote to cut the benefits p
. no congressional votes to raise for debt ceiling and $400 billion in long-term savings from medicare. republicans, conservatives oh, they're we side be side themselves. >> the proposal delivered by secretary geithner was not a serious proposal. >> it was not a serious proposal. >> we got to get serious here. >> serious decisions. >> say it isn't so, mr. speaker. >> serious matter. we're being serious. this is not a serious offer. >> this is an insulting deal. >> this is not a game. >> i'm not trying to make this difficult. >> that offer yesterday was simply not serious. we're not going to increase tax rates. >> and that's just the way it is. >> cenk: i love that. >> seriously. >> cenk: yes seriously--everybody get serious. our position is not changing at all. i can't believe that other guy who won't change his position. >> and also we don't remember that we just lost an election. it's the house of representatives because they kept the house. they think they won the election. they're not paying taken attention to the president. >> they are the tie-off. i like the ties. >> this is a push back. this
of it. and they also have to figure out what exactly is their message on medicare right now. >> yeah. >> you know, the romney campaign has been the remnants or the echos or what's left of the romney campaign staff is boasting that they sort of won the debate on medicare or fought the president to a draw, but because they attacked cuts to medicare in obama care, i don't think that romney ever really sold to the public significant cuts, significant changes to the medicare program. so republicans in the abstract want this. i feel like they haven't spelled out the painful cuts they're putting on the table and part of what obama is trying to do is force them to do that. >> yes. because he himself has not made any mention of it and, you know, david gregory this morning on "morning joe" saying it's going to be painful for both sides. the president trying to outsource that, pardon the use of a loaded term, to the gop, joy. >> nobody wants to talk about what they want to cut. that's the thing in washington. why you don't see the budget shrink. talking about cuts means school lunches or cut me
about tamiflu. prescription for flu. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. . . >> jamie: susan rice has done a great job as our be ambassador to the united nations. and of course, this decision about my successor is up to the president. >> paul: and the secretary of state hillary clinton reacting to talk to president obama may nominate u.n. ambassador susan rice to replace her. rice made the rounds on capitol hill on tuesday in an attempt to ease republican concerns and smooth the way for potential cabinet nomination, just one of the positions that president obama will have to fill on his national security team in his second term. we're back with dan henninger and mary anastasia o'grady and bret stevens joins the panel. is there a case for
? are you willing to change the model for medicare over the long term in order to get there and these numbers, are you willing to do that in entitlement reforms in these negotiations? >> well, martha, we've always said that we will look at medicare reform and modernization. we actually took a first step towards doing that as part of the affordable care act. the congressional budget office has been very clear on that. martha: that didn't sound too promising. we are joined by john fune moments away we'll find out what republicans are willing to do. we'll be right back with "america's newsroom." -p martha: treasury secretary tim geithner is set to meet with party leaders in less than one hour from now. negotiations continue today on this looming fiscal cliff issue that is extremely important to get solved. republicans say they are willing to put new revenues on the table but only in exchange for real entitlement reform but democrats say that can't come until way down the road. several conservatives say the gop already lost the battle on the budget. charles krauthamer thou
medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actual like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >> hillary clinton and merrl strep best friends. they posed for the dinner for the kennedy center. strep is a fan of the secretary of state. isn't that cute. they do photos. >> gretchen: those kennedy center honors are wonderful. especially the people who introduce them and hopor them . hilary clinton. >> brian: he should cast meryl strep as hillary
average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >> time now for hits and misses of the week. first a, hit to you. >> a hit to the u.s. supreme court for throwing open the door to another constitutional challenge to obamacare. the high court agreed to a request from liberty university to reopen its lawsuit against a main provisions of the health care law, arguing they're unconstitutional on the religious grounds and this of course goes to the point about the law requiring employers to provide contraception and no idea how far it will go, but the court deserves credit for parts of the hearing. >> thanks. >> bret? >> this is a miss to china's people's daily largest newspaper i think in the world which picked up an item in the american medi
] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> on election day, the american people made a statement. they want cooperation. they want a government that works. the message was resoundingly clear but speaker boehner didn't hear it. for the second time in as many years, he's stomping his feet, threatening to hold the economy hostage if he doesn't get what he wants in the tax fight. >> as i told the president a couple of of weeks ago, there are a lot of things i've wanted in my life but almost all of them have had a price tag attached to them. and if we're going to talk about the debt limit in this, be there's going to be some price tag associated with it. >> is he kidding? note to speaker boehn
specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion in stimulus spending. democrats see this really as sort of the opening salvo in these negotiations. early on in this process, both sides appear to show some level of optimism that this would get done. in the last few days and certainly yesterday it just seems like both sides are so far apart, it's not unusual for us to see this kind of posturing and other negotiations, tough negotiations over the last four years or so. you'll see things build up whether it appears that it's going to get done. then they fall apart. in the end it does happen. the hope is that that would happen here as well. both sides seemingly far apart still. >> neither side, dan, wants to say anything that would potentiallyg suggest they're giving up any leverage. republican aides say the white house author is completely unbalanced and unrealistic, citing the $1.6 trillion in tax hikes. yet the tax rates being proposed are less than they were during the clinton era. where do we go from here? >> reporter: where we go
with at best maybe raising the retirement age for social security or raising the eligibility age for medicare? >> you know, i'd be very surprised to see social security be a part of the discussion here. >> at all? >> because it's not really kind of a huge driver of the deficit we're talking about right now. it's really the health care programs. but i think if you just pull back and make it really simple for a second, what you see are the democrats are saying, wait a second. increasing taxes a little bit on the rich or significantly on the rich, however you want to look at it, is pretty popular with the public or at least has broad public support. cutting entitlements is not very popular. it could be the right thing to do. perhaps there's a way to do it. but it's not very popular. you're asking us to not do the thing and say that you want to help us do the thing that is popular. and you want us the democrats to go on the table and lay out the details of the thing that is really unpopular. are you crazy? >> your short answer is no, we will not get any significant entitlement reform? >> not now.
% of insurance plans, including medicare. find your co-pay at myflexpen.com. ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the diamond store. take up to an extra 15 percent off storewide, now through wednesday. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. >>> the white house took three weeks to respond with any kind of a proposal and much to my disappointment, it wasn't a serious one. >> we've got to get serious here. >> time for the president and the democrats to get serious. the white house has to get serious. >> that was the sound of congressional republicans increasing outrage at the president and his popular proposal for handling the fiscal cliff. we're joined by nbc's luke russert. luke, help me now because i just want you to answer this question. did anyone in this country vote for the ryan budget on november the 6th? >> reporter: well, people vo
and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ stuart: it seems like there is less interest in going to the stores. online sales topped $20 billion. that is up 15% compared to last year. twenty-nine days until we fall off the fiscal cliff. timothy geithner says the ball is in the republican report to compromise. >> i cannot promise that. that is a decision that lies in the hands of the republicans. if they recognize the reality that we cannot afford to extend those tax rates, we have a basis of an agreement. stuart: how was that for an introduction. before we launch into your talking points, and i know you well, i want to mention this. the founder of cosco, as you know, he app
on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. >> cenk: we've the latest in the grand bargain negotiations. democrats gave they are first offer, republicans theirs. their both largely nonsense. we know they're going to meet somewhere in the middle but it has to play out. we're told nbc is a liberal network. interesting. andrea mitchell asked questions that are completely loaded in favor of cutting social security and medicare, which is not remotely liberal. she almost tries to browbeat. watch. >> are you willing to work with the president to go against aarp to bring house departments along for cuts with the most popular programs? >> the savings that we know we can continue to add on that we achieved in the affordable care act
to pay. she paid into medicare many years. i think all seniors need to be aware and be prepared that this is what will happen to them. that's my experience. host: in philadelphia, rick is a democratic caller. caller: i cannot believe i got through. the last time i spoke with c- span was 2003. give me about a minute and 30 seconds. host: go! caller: i think barack obama should keep doing what he is doing, hold his ground. i think it is cold hearted and evil that these rich people don't want to pay what needs to be paid to keep the country running. everybody in the capital -- what is the definition of entitlement? people in the capital get pensions and free health care for not even doing anything, and personal cars and things like that. so do they want to be a country unto themselves, a country of texas or a country of florida? host: running out of time. we only have about 30 minutes for open phones this morning. i will have to let you go. the hottest property to emerge from obama's victory over the running is not the much lauded campaign theme, is something far more valuable that
percent off storewide, of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. >>> the great state of mississippi is a seriously conservative, seriously republican place. republican governor phil bryant won there last year with 60% of the vote. republicans control most of the statewide offices in mississippi. democrats don't even bother fielding candidates for all the statewide offices in mississippi anymore. republicans also control both chambers of the legislature which means whatever governor bryant wants to put on his conservative republican agenda the legislature is essentially there just to say, go. and a lot of that agenda, the mississippi republicans like to wrap up in the mantle of free enterprise. like when governor bryant signed the smal
for medicare, which is the really greatest driver of the debt right now. of course, social security is also an issue we have to look at. we have 85 trillion worth of unfunded labilities now, and that's not talked about. the $16 trillion in debt is what we hear. there's $85 trillion in unfunded liabilities there, and we already put a plan on the table in our path to prosperity, a plan that did give seniors more choice and access the, a support program, and that would have helped to start to bring that cost curve and bend it. tracy: what's it take to get it done? i think everyone wants to, like, sit down to the holiday meal knowing this is something they will not have to worry about the next day. >> well, i think that takes seriousness to come to the tail, be adults, and talk about the tough issues, and spending is the problem. when we hear the administration continue to talk about putting tax on the small business owners, 1 million will be affected by the tax. 700,000 jobs will be lost. the economy will shrink again rather than grow, and that's not where we need to be. tracy: come to the mid
national medicare compaes... and become the first and only national medicare advantage company tochieve a 5-star rating for a medicare plan... your efforts result in the quality of care and servic we're able to provide... which means better health h outcomes... and more quality time to share wi the ones who matter most. i love you, grandma! [ male announcer ]umana. ♪ stuart: f you have ever sent a text message that you wanted to immediately take back, that you wished would just disappear, listen to this. law enforcement is calling on congress to force the wireless companies to store those text messages for two years, in case police need them when investigating a crime. that's new at 10:00. and the judge, judgg napolitano will -- [laughter] stuart: but the big story this hour is john boehner's counteroffer to the president, immediately dismissed by the way. it includes 800 billion dollars in tax revenue, not from higher tax rates. that is the sticking point. president obama wants those tax rates raised. john boehner, he wants fewer deductions, limits on deductions. that's the status quo r
's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. >> time now for hits and misses of the week. first a, hit to you. >> a hit to the u.s. supreme court for throwing open the door to another constitutional challenge to obamacare. the high court agreed to a request from liberty university to reopen its lawsuit against a main provisions of the health care law, arguing they're unconstitutional on the religious grounds and this of course goes to the point about the law requiring employers to provide contraception and no idea how far it will go, but the court deserves credit for parts of the hearing. >> thanks. >> bret? >> this is
. those programs include medicare, medicaid and social security. and $300 billion in cuts to other government spending. in the letter to the president, republicans write: this is by no means an adequate long-term solution as resolving the long-term fiscal crisis will require fundamental entitlement reforms. >> reporter: before receiving that offer, the white house said it was looking for more specifics than republicans have just put on the table. >> making vague promises about achieving revenue through capping deductions or closing loopholes simply doesn't add up to a serious proposal. we haven't heard which deductions they would cap or which loopholes they would close. >> reporter: erskine bowles, the co-chair of the president's debt commission and the former chief of staff of president bill clinton, floated a similar plan last year. in embracing it, republicans are claiming bipartisan ship, and it's now up to the white house to respond. back to you. >> getting very interesting. thank you very much, rich edson. david: thanks, rich. well, washington doesn't seem to be get withing c
medicare, that's what's on the table from the white house. they believe that's not enough. they want to see the cuts go much further. democrats say, hey, you asked for cuts you want to see. here are some, why don't you give us a number, as well. so that's where we stand right now. i've got to tell you that you've got to believe that some of this is posturing. you know, part of the message war. it's not uncommon to see these deals seem to fall apart before they get put all back together again. certainly time is running out. >> time is awasting here. you mentioned john boehner criticized the president for what he called a victory lap. the president is launching a road show today. he's going to pennsylvania to make his case for his version of resolving the fiscal cliff. what does he intend to say and how does he intend to sell it? >> he's going to pennsylvania, a toymaker to try to drive home this idea of pushing for cuts for the middle class. there's already a senate tax bill that would preserve the tax cuts for the middle-class, something that he believes everyone agrees on. certainly republ
... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> jim's mad dash is focusing on retailing. >> i think we should focus on johnson & johnson who's going higher. reiterating the sale. they're going to have to preannounce again,
from the white house, unspecified cuts to medicare is just not enough. so, that's where we stand with just over a month to go before this big deadline and the holiday break is coming up. >> very concerned about that. the president is taking his pitch to pennsylvania today. what is he going to say to the american people and how does he plan to sell his approach? a lot of people want a plan to pass. >> certainly, polls show there's support for this combination of tax increases and spending cuts. the president is going to a toy manufacturer. the white house says this is the kind of company that relies on middle class companies, the kind of families that could see their taxes go up. this is part of the campaign to continue pushing for what he says both sides agree on. tax rates shouldn't go up for the middle class at least. republica republicans don't want to see them go up for anyone. he talked about the idea of my2k. get involved, talk about what $2 means to them. it's the amount they could see their taxes go up next year. this campaigning is not sitting well with republicans as yo
from post 9 in a moment. [ male announcer ] if you're eligible for medicare... now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. >>> groupon shares falling. the company announced andrew mason will remain ceo which has seen stock fall almost 80% this y
programs starting with medicare and medicaid. you can't geout of it without dealing with those, a and bowles is absolutely right. gerri: long way to go. thanks for coming on. appreciate your time. >> sure. thank you. gerri: as a reminder, the revenue from the bush tax cuts would generate just $82.4 billion a year, enough to run the government for ve days. as president obama pushes for tax hikes on wealthier americans, he might look to britain to see the effect it has. it's not revenues. it's surprisingly less. after the labour par, that is, there, pushed for the top tax rate to 50%, 5-0, the richest ft. two-thirds left to avoid paying the new tax. it also stopped people coming to and investing in britain. there's a lesson for you. turns out the proof is in the pudding realizing the errors of the way, the government is cutting the top rate to 45%. more to ce like should washington sub di size wind energy? more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. hope it doesn't, but i'm going to break it down next. ♪ gerri: i always like to give
and medicare. increasing taxes means less growth and fewer jobs, and that's not balanced. three years ago i made a pledge to oppose tax increases. i made that pledge to the citizens i serve and to no one else, and i made it because tax increases will hurt them. when jen, the owner of la petite cuisine in new york says the best thing i can do is give her a break from high taxes, i believe her. i ran for congress to help jen and all the small business people like her who are the engines of job creation. i ran for congress to help all the people who need employers like jen to hire them. these good people deserve better than temporary fixes. they deserve a plan that solves our economic problems for the long term. they deserve a plan that goes beyond politics and shows a commitment to putting the federal government on a budget and on track to eliminate our crushing debt, that respects our citizens' rights to enjoy the fruits of their labor and to spend and save and invest as they see fit, which is the best way to grow the economy and add jobs and that allows each of them, regardless of their sta
last year. the republican letter offered $900 billion in spending cuts from program reforms to medicare and social security. the g.o.p. plan would raise $800 billion in revenues by closing loop-holes and reforming the tax code, but stops short of specifics. noticeably missing: the higher taxes on high-wage earners which president obama has insisted on. the white house responded, saying "the g.o.p. proposal does not meet the test of balance. in fact, it actually promises to lower rates for the wealthy and sticks the middle class with the bill." it's not just the federal government under pressure. credit ratings agency fitch calls the fiscal cliff the biggest concern for state credit in 2013. saying, "any meaningful federal deficit reduction is likely to lower state funding, forcing program elimination or backfilling." as the tax hikes and spending cuts approach, u.s. manufacturers saw business shrink last month. the institute of supply managemens purchasing magers index fell unexpectedly to 49.5, down from 51.7 in october. a reading below 50 means business has fallen back into contractio
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